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All Stories in World business

Singapore shippers: Emerging economies no threat to China’s top ranking

DON’T count China out as the workshop of the world in the face of competition from emerging economies like Vietnam and Indonesia, says the Singapore-based Asian Shipper Council. Production is not leaving China, said council chairman John Lu – it is leaving the coast and …

malaysiashipping.info invites industry players for listing in directory

After 4 years, malaysiashipping.info has gained some success in terms of traffic and following. Over the past year or so, apart from direct enquiries related to shipping / transportation, i’ve also received valuable feedback from users requesting additional info to be incorporated such as:1) directory …

Reducing cost per teu

In the past years, especially since the 2009 economic “tsunami”, shipping lines have tried various ways “trying” to cut per teu cost. From slow steaming to reducing fleet of containers to “chopping heads”, you name it. However, it seem to me that one of the …

Yinson buys into PTSC Phu My Port

Yinson Holdings Bhd (YHB) has acquired 14 million shares, representing 40 per cent equity interest, in PTSC Phu My Port worth 182.00 billion VND (approximately RM26.38 million) from Petrovietnam Technical Services Corporation. The acquisition will enable the company to widen its earnings base and to …

New generation trucks, fuel tankers in Oman

MUSCAT — Oryx Metal Industries and Sata LLC organised here yesterday a presentation of a new generation of trucks and fuel tankers for decision makers of the oil and gas logistics industry of Oman.The tankers are designed and jointly manufactured by Malaysian company Focal and …

Rapid devt provides potential for heavy truck industry

KOTA KINABALU: The rapid development in the plantation industry in Sabah will provide huge potentials in the heavy vehicle market such as trucks. Industrial Development Minister Datuk Raymond Tan said the introduction of Tan Chong’s Biston trucks would greatly assist  transportation and logistics in the …

Export of hogs to Malaysia set

Department of Agriculture officials said the country is gearing up for the export of hogs at around 4,000 head per month to Malaysia after the Philippines was certified foot and mouth disease (FMD)-free without vaccination by the World Organization for Animal Health. Earlier, Agriculture Secretary …

Pakistan may buy 180,000 T palm oil for July: industry official

Pakistan, the world’s fourth-largest buyer of vegetable oils, imports 80 per cent of its palm oil, with Malaysia providing roughly 90 per cent of that and the rest coming from Indonesia. Rasheed Jan Mohammad, vice chairman of the Pakistan Edible Oil Refiners’ Association, however, pointed …

MSC has 2 million TEU afloat, a 12.9pc market share, crowding Maersk’s 15.3pc

GENEVA’s Mediterranean Shipping Company’s (MSC) fleet has broken the two million TEU mark with following the delivery of the 12,552-TEU MSC Fillippa, according to Paris-based maritime consultancy Alphaliner. MSC market share has increased from 4.4 per cent in 2000 to 12.9 per cent today and …